Economist: Salaries in the 2024 budget will reach more than 100 trillion dinars
Abdullah Ahmed, an expert in economic matters, affirmed on Tuesday that the budget for 2024 will include compensation of more than 100 trillion dinars.
In an interview with, Ahmed stated that a reading of the actual 2024 budget, with a predicted deficit above 80 trillion dinars—a frightening figure—amounts to 228 trillion dinars. The budget schedules are expected to come next week, per legislative confirmations.
He said, “Returning to the 2023 budget and its numbers bring us to the fact that the 2024 budget deficit has increased by up to 20 trillion, noting that the size of salaries exceeds 100 trillion in the 2024 budget.”
He stated, “It is necessary to pay attention to the repercussions of sampling at high rates and the pressure it causes on the budget, which depends 95% on revenues from the sale of oil, meaning that we will be in a difficult position if prices decrease according to market fluctuations.”
The government’s 2024 budget timetable is awaited by Parliament so that it may proceed with a thorough reading and eventual approval.
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